Attitudes are shifting, thanks to changes in corporate governance  

After four quarters in a row of exceptionally high PE activity, Q3 2021 has continued the trend, recording the highest value and volume of any third quarter on record  

Despite a drop on the previous quarter, Q3 2021 global M&A value represented the strongest Q3 on Mergermarket record. 

Key legal developments in 2021 and their implications for Taiwan

The region's burgeoning digital economy is drawing attention from investors across the globe  

Take private activity reached a decade high in the first half of 2021, fueled by large sums of dry powder and heated competition for assets.

Strong refinancing appetite sustains the high yield bond market in the Asia-Pacific region despite a slowdown in real estate issuance in China.

Loan issuance from Indian borrowers has tailed off because of rising COVID-19 infections, but high-profile mega-deal financings have given lenders and borrowers cause for optimism  

PE is breaking records, notably in the education sector

FPSOs have revolutionized deep-water oil extraction but these technically complex vessels are a fertile ground for uncertainty, spiraling costs and long delays

PE investors stand ready to fund spinoffs of non-core assets as companies refocus for the recovery

Refinancing activity supports a double-digit year-on-year uptick in leveraged loan issuance in the United States and Europe, while mega-deals dominate in the Asia-Pacific region.  

Investors are finding businesses showing resilience

Low interest rates and high levels of liquidity are fueling transformational M&A deals  

Increasing cooperation between global PE players is pushing up price tags  

A brightening macroeconomic outlook and supportive deal environment helped push second-quarter value to a new record.

Automotive and automotive-adjacent M&A sees fourth consecutive quarterly rise in value, supported by strong SPAC interest in electric vehicles

Leveraged finance activity in the healthcare sector made strong gains through Q1 2021 as the pandemic response saw the industry attract steady investor inflows and M&A interest

The number of distressed and liquidation-related M&A deals, especially in the US and UK, has increased year on year as businesses struggle to adapt to their post-pandemic reality.

There have been a number of developments in merger control in 2020 and Q1 2021. Some are related to the repercussions of the COVID-19 pandemic, while others are borne out of the ambitions and changes sought by individual competition authorities or unexpected jurisprudence

The Japan Fair Trade Commission (JFTC) has been active in merger enforcement in 2020, despite the COVID-19 pandemic, and digital, data and technology markets continue to be key areas of focus

Dependable recurring income from digital music rights is attracting major investment from PE funds.

Dealmaking within the PMB sector enjoyed an impressive start as companies across the globe embarked on their post-pandemic recovery.  

The first quarter of 2021 saw a string of big-ticket deals in the transportation sector, pushing quarterly deal value to a record high